Union Budget Reaction 2020- Mr. N. H. Bhansali, CEO – Finance, Strategy & Business Development and CFO, Emami Limited.
Kolkata, 01, February,2020: Expectation from the Union Budget were not very high, in view of the fact that few important steps have already been taken by the Government like the reduction in Corporate Tax prior to the budget.
Looking at the current market scenario, where growth has slowed down, the focus is on stimulating growth rather than fiscal discipline. Accordingly, the Finance Minister has announced many steps for furtherance of agriculture, commerce, industry, services and exports. Withdrawal of DDT and relaxation of FPI norms are welcome steps to boost investor confidence. This should also result into building consumer confidence gradually over a period of time.
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